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TheDude
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Joined: Apr 06, 2006
Posts: 3613
Location: 3 miles NW of Champoeg, Republic of Cascadia
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 Posted: Wed Jul 02, 2008 6:28 am Post subject: Get used to high oil prices: Saudi King |
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hindubusinessline.com
| Quote: | DUBAI: Blaming energy taxes, speculation and high consumption for soaring oil prices, Saudi Arabia's King Abdullah said both producers and consumers should control these factors to “soften'' the impact on the people.
“Consuming countries should reduce taxes on petroleum products if they really wanted to soften the burden on consumers,'' King Abdullah said in an interview with Kuwait's Assiyassah Arabic newspaper. |
Being able to drive vs. potholes, eh?  And everything else that is built into fuel taxes.
Putting soften in quotes was a nice touch on the reporter's part.
| Quote: | The king also asked consumers to get used to rising oil prices as there were very little chances of its going down. “We have nothing to do with the current sharp increase in oil prices. But these are still cheap compared to prices of alternative energy products available,'' the King was quoted as saying.
The King has asked oil producing and consuming countries to find out the real reasons of unprecedented surge in prices which have crossed $140 per barrel and tackle them in a clear and transparent manner. |
Anything but pump more. Because there are no fuel shortages. There have never been fuel shortages.
Read Whipple's latest Peak Oil Review if you don't follow the sarcasm. Five paragraphs worth of contradiction to what The King has to say.
| Quote: | | He said Saudi Arabia has always called for a reasonable price for oil, without causing harm to consumers as well as producers. “We adopted this policy to protect the interest of the whole world,'' he added. |
Well isn't that special?
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4836
Location: Southwest WI
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| Posted: Wed Jul 02, 2008 6:32 am Post subject: Re: Get used to high oil prices: Saudi King |
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I'll put this in here...
| Quote: | KUWAIT (Reuters) - Current oil prices are cheap when compared to other sources of energy and would not ease even if production was raised because speculation and taxes are behind the soaring market, Saudi Arabia's King said in press remarks.
"Looking at experts reports I say the current price for oil is considered cheap if compared with the prices of other alternative sources of energy that are also witnessing an increasing rise because of the increasing demand or cost of their production," al-Seyassah quoted King Abdullah as saying on Tuesday.
"People who think that oil prices will go down once production is raised are wrong because there are indications the prices will remain high," the ruler of the world's largest oil exporter was quoted as saying by sister paper the Arab Times.
"Consuming countries should adapt with the prices and tools of the market and to solve their issues with a fair logic," he told al-Seyassah |
http://in.reuters.com/article/businessNews/idINIndia-34318820080701?sp=true
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BigTex
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Joined: Aug 03, 2006
Posts: 4329
Location: Graceland
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| Posted: Wed Jul 02, 2008 6:37 am Post subject: Re: Get used to high oil prices: Saudi King |
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Anyone remember the term "swing producer"?
I haven't heard that term in a while.
***
"Oh wait a second, isn't a swing producer one of those guys who puts on those neat retro dance shows?"
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TheDude
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Joined: Apr 06, 2006
Posts: 3613
Location: 3 miles NW of Champoeg, Republic of Cascadia
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| Posted: Wed Jul 02, 2008 6:49 am Post subject: Re: Get used to high oil prices: Saudi King |
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Sounds like the King has been reading Matt Simmons!
Fat lot of good it does us at the moment.
Tex - wonder why the file name for your pic is "http://www.bodyworksnc.com/images/whiteys.jpg"? And what it's doing at an ab crunch website?
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The Dude Is Not In: Leave A Message After The Beep. |
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MyOldTDiIsStillGoing
Tar Sands
Joined: Jun 11, 2008
Posts: 91
Location: CMH, I-71 Exit 112
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| Posted: Wed Jul 02, 2008 6:51 am Post subject: Re: Get used to high oil prices: Saudi King |
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We are definitely, rapidly disrespecting the almighty KING. He has spoken, and us serfs must obey.
Will all you serfs go back to your peasant villages. The King has spoken.
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BigTex
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Joined: Aug 03, 2006
Posts: 4329
Location: Graceland
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| Posted: Wed Jul 02, 2008 9:47 am Post subject: Re: Get used to high oil prices: Saudi King |
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| TheDude wrote: | | Tex - wonder why the file name for your pic is "http://www.bodyworksnc.com/images/whiteys.jpg"? And what it's doing at an ab crunch website? |
Reminds me of an old Chinese proverb:
"Sometimes truth hides in dark crevice; sometimes truth hides in plain sight; sometimes truth is on ab crunch website."
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Specop_007
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Joined: Aug 12, 2004
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| Posted: Wed Jul 02, 2008 10:00 am Post subject: Re: Get used to high oil prices: Saudi King |
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The only thing I can think of when I read about news from Saudi is just how filthy, stinkin rich those guys are.
Anybody remember Duck Tales? When Scrooge had his vault full of gold coins and he would swim in it? Thats the image I get of the Saudi Royal family.
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GASMON
Intermediate Crude
Joined: Mar 29, 2008
Posts: 814
Location: England
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| Posted: Wed Jul 02, 2008 12:09 pm Post subject: Re: Get used to high oil prices: Saudi King |
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Gasmon
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